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The Collaborative International Dictionary
Licensable

Licensable \Li"cens*a*ble\ (l[imac]"sens*[.a]*b'l), a. That can be licensed.

Wiktionary
licensable

a. Capable of being licensed.

Usage examples of "licensable".

They won't log anything you ran up before you were licensable at your post.

They won’t log anything you ran up before you were licensable at your post.